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Lloyd's of London, the insurance market, said Wednesday it would spend £52 million ($64 million) on racial-equality causes after a report found it played

Insurance market’s honesty is welcome, as is £12m programme to increase ethnic diversity in workplace, but more must be done

Lloyd's of London will invest 40 million pounds in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to... -November 08, 2023 at 05:00 am EST - MarketScreener

LONDON (Reuters) -Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd's will also spend around 12 million pounds on a programme to improve recruitment and progression for Black and other ethnic minority employees in the commercial insurance market, including bursaries for Black university students, it said in a statement. Lloyd's formed part of a sophisticated network of financial interests that made...

Insurance giant was arguably the biggest firm in system that incentivised slavers to throw Africans into the Atlantic